Cree, Inc. (Nasdaq:CREE) Increase 52 Week High Record

CREE
CREE

Cree, Inc. (Nasdaq:CREE)

April 15th, 2019

Amidst falling markets Cree, Inc. closed Monday up 0.74%, a $0.48 increase to close on $65.49. Furthermore it hit a new 52 week high of $66.00. The next earnings report is expected in approximately 16 days.

CREE outperformed the rest of the Information Technology sector which went down -0.04% today.

Forecasts from 8 analysts indicates that Cree, Inc. might fall somewhat (-8.86%), while Finbox has calculated (with medium uncertainty) a fair value price of $55.32.

Market Sectors

The market sectors were mixed Monday with a majority of the sectors trending down. Consumer Staples saw the biggest increase of the day (0.69%), while Financials saw the biggest drop (-0.62%). Information Technology has seen the biggest year-to-date gain at 23.83%.

Healthcare saw the biggest turnaround from its 5-day performance of -2.44%, as it went up 0.34%. Financials and Real Estate both saw turn arounds from their five day positive performance, Financials with a drop of -0.62%.

Sector Breakdown

  • Consumer Staples went up with a 0.69% change.
  • Healthcare went up with a 0.34% change.
  • Consumer Discretionary went up with a 0.21% change.
  • Communication Services went up with a 0.18% change.
  • Utilities stayed even with a 0.00% change.
  • Information Technology went down with a -0.04% change.
  • Materials went down with a -0.46% change.
  • Industrials went down with a -0.52% change.
  • Energy went down with a -0.57% change.
  • Real Estate went down with a -0.60% change.
  • Financials went down with a -0.62% change.

Cree, Inc. Info

Cree, Inc. provides lighting-class light emitting diode (LED), lighting, and semiconductor products for power and radio-frequency (RF) applications in the United States, China, Europe, South Korea, Japan, Malaysia, Taiwan, and internationally. It operates in three segments: Wolfspeed, LED Products, and Lighting Products. The Wolfspeed segment offers silicon carbide (SiC) materials for RF, power switching, gemstones, and other applications. It also provides SiC power device products, including SiC Schottky diodes, metal oxide semiconductor field effect transistors (MOSFETs), power modules, and gate driver boards for electric vehicles, including charging infrastructure, server power supplies, solar inverters, uninterruptible power supplies, industrial power supplies, and other applications. In addition, this segment offers gallium nitride (GaN) die, high-electron mobility transistors (HEMTs), monolithic microwave integrated circuits (MMICs), and laterally diffused MOSFET (LDMOS) power transistors for telecommunications infrastructure, military, and other commercial applications; and custom die manufacturing services for GaN HEMTs and MMICs. The LED Products segment provides blue and green LED chip products for video screens, gaming displays, function indicator lights and automotive backlights, headlamps, and directional indicators. It also offers XLamp LED components and LED modules for lighting applications; and surface mount and through-hole packaged LED products for video, signage, general illumination, transportation, gaming, and specialty lighting applications. The Lighting Products segment offers LED lighting systems and lamps for to distributors, retailers, and customers for offices, retail spaces, restaurants, hospitality, schools, universities, manufacturing, healthcare, airports, municipal, residential, street lighting, parking structures, and other applications. The company was founded in 1987 and is headquartered in Durham, North Carolina.

All amounts in USD unless otherwise indicated

CREE daily update
CREE daily update

Media Gazelle Inc (MG), a Nevada Corporation, owns and operates the online brand US Tribune News. MG does not offer financial advise, and is not a registered broker/dealer/analyst/adviser, holds no investment licenses, and may not sell, offer to sell or offer to buy any security. MG’s market updates, news are not a solicitation or recommendation to buy, sell or hold securities. MG shall not be held liable for any investment losses you may incur by using the information provided, this includes you trading the stocks mentioned on our sites. We recommend you talk to a financial adviser before trading any securities or taking any action based upon information on this site. MG does not guarantee the accuracy of the article.

This site uses Akismet to reduce spam. Learn how your comment data is processed.